Bitcoin, when to buy

[Barikui1]

The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

[Faisal2202]

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

DCA Indeed the best method to accumulate BTC over the period. And buying at dips can also be practiced while doing DCA you don't have to do one thing at a time. Before suggesting anything, you should know the difference between trading holding and the methods that suit best to achieve your aims or goals.

If you are planning to hold btc for a longer period then DCA is good for you but other than DCA you can do a lump sum(buying all at once). In most cases, Lump Sum can make you a better profit than doing DCA. The choice between them also depends on your goals and capital.

If you have a huge capital present at the moment, then you can do a lump sum and can take entries by doing a little but fragmentation (taking entries in parts) but in the long term (5+ years) these small entry parts don't make that much difference.

Long story short, if you have a lot of money now you can go for a lump sum and if don't then you might want to go for DCA. But first, ask yourself what are your goals and yeah doing your own research is also necessary.  The best time to buy is when you think that now is the good point (for long term) for short term you have to do TA and FA.

[Richbased]

The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

Of a truth the DCA is the best method to be applied at this point due to the market fluctuations as the DCA will enable you to invest a certain amount at different intervals so with this method it will be easier to buy the DIP and HODL till the price of stocks in the market skyrockets.

It is expected that cryptocurrencies like the bitcoin and some other coin still has the possibility to increase in the future so the bitcoin being a volatile asset can be invested on for better trading.

[Patrol69]

Before knowing when is the best time to invest, first you need to be sure how much you know about investing. In addition to knowing how much you know about investing, we also need to know whether you have enough money to invest. If a person does not know enough about investment and if he does not have the financial support to invest then it is better to refrain from investing because you should invest the amount of money you can lose and should not invest more than that. Investing a certain amount of money will have a direct impact on your lifestyle. If you have good idea about investment and if you have good financial support then you can start your investment now. If you start investing now you will surely get good from this investment in future because the market is quite positive now and the market will go better in future.

[Shishir99]

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

I guess they have suggested the correct thing and I don't think there is a better method other than DCA at this moment. However, If you can buy the most dip, that will be good for you. But we never if we are ever going to touch the 15K range or the 20K range. We are expecting a bull run after the halving event. At least most of us expect Bitcoin will be over 100K next year.

We don't know if Bitcoin will ever go down to the lower level like the 15K range. So it's better to start accumulating every week so you don't have to wait for the dip. If you see the downtrend, you will be able to buy then. For now, DCA is best.

[Coin_trader]

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

DCA is the best method to buy Bitcoin in a much spread price to have a better position especially if you are the kind of person who keeps looking forward to purchase at bottom price as much as possible.

Buying Bitcoin in general is good idea because Bitcoin is the most successful and safe cryptocurrency in the market because of its true decentralized nature. Purchasing Bitcoin at any price point will surely give you return in the future if you will just hold since Bitcoin grows in parabolic pattern since the beginning. I personally purchased Bitcoin whenever I have money that is an excess to my business profit. Excess by means my business can run efficiently with or without this money in use.

[Hamza2424]

Long story short, if you have a lot of money now you can go for a lump sum and if don't then you might want to go for DCA. But first, ask yourself what are your goals and yeah doing your own research is also necessary.  The best time to buy is when you think that now is the good point (for long term) for short term you have to do TA and FA.

OP  seems to be new here, even though he had a lot of capital amount the Lumps-Sums cant be a better option for him because it requires some experience & good analysis skills to enter. TBH I won't recommend going for the DCA to any of the members if he's experienced.

I know both come with some pros & cons, but DCA can be a good solution, the best all-rounder you can say for newbies & for the experienced ones they can modify DCA accordingly because it fixes the risk management & fud or FOMO-related physiologically strong issues. You can say it is a top-grade technique for effective risk management and profit/investment goals.

Also, TA & FA are recommended for the short term they come in handy or assist whatever you get better when it comes to long-term or cyclical investments or you can consider a generation-to-generation accumulation as well. In short terms, the game revolves around the pattern of price action which revolves around the sentiments and sentiments around the latest market developments according to the zone. Hehe Long story short the short-term market momentum is always based on the developments.

[Gallar]

The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?

If you want to buy bitcoin and invest it for the long term, the right time to buy bitcoin is now. Because now is the last year before Bitcoin enters its halving cycle which usually occurs within 4 years. Then after the bitcoin halving arrives, usually after that there is always a bullish market that comes and at that time usually the price of bitcoin will soar high and can even reach a price that bitcoin has never experienced before (ATH). So in my personal opinion, if you are interested in the potential of Bitcoin and want to invest in it, now is a good time to buy it. However, I suggest you study bitcoin science first in more depth. So that when you start investing in Bitcoin you don't encounter any errors or problems. Because even though it is true, Bitcoin is an asset that has enormous potential to continue to experience price increases. However, if for example when you start investing in Bitcoin and your knowledge is still lacking, I personally think the possibility will be very dangerous for your Bitcoin investment. Therefore, first learn all the knowledge related to the field of bitcoin investment.

~Snip
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term,
~Snip

The DCA method is indeed a very good technique and as far as I know is widely used by bitcoin investors. Because as far as I know, the DCA system is like saving or collecting cold money regularly to invest in bitcoin. So DCA is a very simple technique, therefore I also highly recommend this technique. Because I personally also use the DCA technique to continue increasing assets in Bitcoin. But don't forget to use cold money/capital to invest in bitcoin. Because if you invest in bitcoin and don't use cold money/capital, in the future this could mess up your bitcoin investment.

[sokani]

So my question is when is the best time to buy Bitcoin?

The best time to buy Bitcoin is during the bear season and the best time to sell is during the bull season. Right now the market is partially bearish, so you can grab a bag and hold while we wait for the bull season.  

Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

DCA is for persons that are buying in smaller units every week or month based on their financial strength. You don't have to wait for the price to keep dropping down before buying because it might not drop and you could miss the opportunity to buy at a lower price. So as you money comes, just buy and hold.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion?

Lump sum and DCA are the two ways you can make your Bitcoin purchases, whatever method you choose is fine and it depends on your preference or how deep your pocket is.

[Nheer]

The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

Slowly Bitcoin have become popular as years goes by, the population of people adopting bitcoin is steadily increasing and even those who used to be afraid and think it is a scam investment now understand it’s concept. In my opinion ignorance have been the major setback why people didn’t adopt it but as it’s knowledge is being shared all over the world now everyone now want to be part of it and seize the lifetime opportunity.

So my question is when is the best time to buy Bitcoin?

It all depends on whether you intend to hold for a short time or a long time. Everyone wants to invest at a low price so they may benefit. There are a few things to think about when investing in bitcoin for a short time. First, a thorough market analysis must be done, which can be costly and risky. However, for beginners and those who plan to hold their bitcoin for a long time, I also think the DCA strategy is the best because it eliminates the need to constantly monitor the market price or make precise timing decisions. Bad timing is avoided with the DCA method.

[alastantiger]

So my question is when is the best time to buy Bitcoin?

The best time to buy bitcoin is the time when you have done your research and understood that bitcoin is not a get-rich-quick- scheme. The time doesn't matter but the knowledge of bitcoin is what matters. It is only those who FOMO that tend to consider the price.
 

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

You got that right DCA is one of the most recommended strategies to buy bitcoin and build from them on. Another better strategy than buy is to allow people pay you in bitcoin. This way you avoid the stress and hassle associated with buying from exchanges. If you have a good skill you can request to be paid in bitcoin assuming your client is okay with it.

Another way of getting bitcoin is through trading. But this is for professionals.


Just stick with the two methods above and you will be just fine. For the DCA, you could do it manually or set it up so that at a specific period you are reminded to do it.

[Zanab247]

So my question is when is the best time to buy Bitcoin?

You can buy BTC at anytime , but I Buy BTC whenever I received salary from my working place, and wait for another salary to come before I can still buy waiting for massive bull run to come, because am use to long term hodling which some newbies are afraid to involve themselves, but newbies prefer short hodling where they can start making little profits before they can improve. But many newbies buy BTC when there is bear season on ground and hodl for the price to rise to some stage before they can sell to make profits from the market which, I will advise you to buy when the price is low in the market and sell when the price is high in the market.
 

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

I believe many potential hodlers have given you some advice in this trend that will help you in the BTC investment but don't forget to carry out your own research to know if you are good in long term hodling or short term hodling before investing the money you can avoid to lose.

[HONDACD125]

The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

There is no doubt that you will find useful and good information about the crypto currency market on this platform. You have chosen the best platform to learn and get information. Best time to buy Bitcoin is bear season If you know about Bitcoin bull season and bear season then you can buy Bitcoin at right time. During the bear season, you have the chance to get more Bitcoin at a lower price, and when people are afraid to buy Bitcoin, that is the best time to buy Bitcoin.

DCA is also a good method, because no one ever knows the absolute bottom, So the more Bitcoin falls, he keeps buying Bitcoin keeping a reasonable gap in price. However, I think the best time to buy is when the price of Bitcoin has dropped at least 60% from its all-time high, then is the best time to buy. If you want to buy with half of your capital, this can be a good decision. So that if the price falls further, you have capital and can buy further down.

[Jegileman]

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

There is no ideal moment to acquire bitcoin, and if you are always waiting for the price to drop to a specific price you set for it, you will not be able to buy and hold a large number of bitcoins as you are prepared to invest for the long term. I just noticed that you're familiar with the DCA method, indicating that you've been involved with bitcoin for some time. The DCA approach is used by those who can't acquire a lot of bitcoin at once; it helps them balance their portfolio by buying at low and high prices. It is an excellent approach for individuals who do not have the funds to invest in bitcoin all at once.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

This isn't simply a hyped forum; it deserves to be overhyped since it offers information about bitcoin that you won't find anywhere else online. As you continue to connect and grow in the forum, you'll realise how great of a place it is, full with knowledgeable individuals and information.

[Honyek]

The right time to buy bitcoin is now if you have the money, or later if you don't. However, whenever you are ready and want to make a purchase, it is very important to know the current situation of bitcoin and its record, so that you can be able to make proper decision. Concerning investment, you will be able to know exactly which one to go for.

[EL MOHA]

DCA is for persons that are buying in smaller units every week or month based on their financial strength. You don't have to wait for the price to keep dropping down before buying because it might not drop and you could miss the opportunity to buy at a lower price. So as you money comes, just buy and hold.

I don’t think it is only for people but smaller satoshi but can also be use by even Those that a lot of money available to buy, this will help them to minimize loss and also maximize profits. Going in all at once even when the price is at his low is not that great than buying at different price ranges with the DCA method.

[ZAINmalik75]

The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?
 
Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

There is no other option other than doing DCA if you want to hold your BTC for the long term, but you can do a lump sum too if you have funds in your hand right now. But most people go for DCA because they don't have enough money to do lump sums, so they use some of their monthly earnings or salary to invest in BTC on a weekly or monthly basis. But keep in mind that even if you are doing DCA or lump sums, you have to save some funds for emergencies.

You can use those funds either to buy more when the market comes down or if you have some kind of emergency and need funds for that.

I have learned this thing from my past experiences, and I highly suggest you save funds for emergencies and not invest all of your funds, even in DCA or lump sum. Because, let's say you have the capability to buy 1 BTC now for $35,000 and you buy one now by doing Lump Sum, and once the market goes up, like near-old ATH, your money will be doubled, which might not be doubled if you do DCA.

[bangjoe]

So my question is when is the best time to buy Bitcoin?

The right time to buy bitcoin is when you have money to invest, your finances are in a safe position, and your knowledge is adequate as an investor in maintaining your bitcoin.
This sounds normal/commonplace but quite important to have before you invest in Bitcoin because it will involve your investment in the future.

As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

The DCA strategy is quite good and this strategy is the most flexible strategy in every market state, so we can buy in cheap or expensive conditions with the time that has been determined, but maybe everyone's view is different about a strategy in making purchases, but in my opinion Personal DCA is the best especially when the market in the bearish season, the DCA strategy is far more effective.

[suzanne5223]

The growth of Bitcoin over years have made it one of the most sorted after asset in the world right now and to me it's a lifetime opportunity that needed to be seized,

So my question is when is the best time to buy Bitcoin?

You said yourself that having Bitcoin is a lifetime opportunity. Technically, every time is the best time to buy BTC. What matters most is how you secure your BTC, your knowledge, and understanding about the market, and the plan you have for the investment you made in BTC.

Many people that have been into the industry before I even came in have mostly suggested the DCA method, some advice I allowed it to drop to my convenience price before I buy.
As a newbie I feel the DCA method is the best base on my own perspective of looking at it on the long term, I don't know if anyone have any better opinion? Because I believe in the hype that  this forum is filled with knowledgeable people about cryptocurrency.

DCA is a good investment based on how it gives room for more financial activities and reduces the impact of the market's short-term volatility which could lead to a panic sell but it is also a disciplined investment method.
You can wait till the market drops to your convenience but the chance of BTC going below $30K is slim.

[BIT-BENDER]

I don’t think it is only for people but smaller satoshi but can also be use by even Those that a lot of money available to buy, this will help them to minimize loss and also maximize profits. Going in all at once even when the price is at his low is not that great than buying at different price ranges with the DCA method.

Don't get me wrong mate but you have made a very good advice here but I think this would apply better when talking about altcoin, the reason why I haven't gotten my desired amount of Bitcoin yet is about I don't have the financial capacity and not that i have any doubt about Bitcoin, accumulating Bitcoin should not only be seen as an investment plan but as a channel to breaking the barriers and challenges of the traditional financial system.